Sunday, September 1, 2013

Coming up with an Hourly Rate for Your Handyman Business

One of the first questions a potential customer will ask you is what is your hourly rate. You need to have you answer ready before you speak with your first customer.

There are a few ways to come up with an hourly rate. In the beginning you may want to call other Handymen in your area and find out what they are charging. Prices around my area ( San Francisco Bay Area in California) range from $25 an hour (way to low) to $125.00 per hour (too high to quote as an hourly rate). I can show how to make $125 and hour or more using a few techniques that add perceived value to your business. (There is complete details about this subject in the Handyman Success eBook available through this website)

When I am asked that question my response is "I don't work by the hour, I work by the job". Its best to stick with that once you are experienced enough to know what jobs cost to do.

If you are more comfortable working hourly (which will be the case for many people in the beginning), you should price yourself somewhere in the mid price range of what you survey other businesses hourly rates. You don't want to start out low in the beginning because you will have a very hard time raising rates to those same customers later.

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